Fast Money Recap: Black Gold, Texas Tea
Oil hit a record high Wednesday, trading above $80 a barrel after supplies fell more than expected. The team at CNBC's "Fast Money" TV show tackled this topic and the flip-flopping equity market.
As oil keeps climbing, wheat hits a record high and gold continues to trend higher, trading well over $700, what is the trade now in the hot commodities sector? Dennis Gartman, author of The Gartman Letter, joined the crew to discuss his thoughts on the recent action in commodities.
Gartman says global demand for oil continues to push the commodity higher and he feels the trend will continue. Gartman says he remains long oil and specifically long Athabasca(ABM Quote) and Suncor(SU Quote).
Guy Adami likes the upgrade out of Goldman Sachs on Apache(APA Quote). Karen Finerman says she is long Conoco(COP Quote) and sticking with it. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,513.75 | 1,118.52 | 2,213.80 | 34.80 |
Oil *
79.45
|
|
UP
147.60
|
UP
18.60
|
UP
40.66
|
UP
1.00
|
10 Yr
3.48%
SPDR Gold
116.94
|
|
+1.42%
|
+1.69%
|
+1.87%
|
+2.96%
|
Data delayed 20 minutes |
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